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BOOK 95 Fa,E 56 <br />TOURIST DEVELOPMENT COUNCIL BUDGET <br />RECO�ATIONS FY 1995 - <br />The Board reviewed a Memorandum of May 11, 1995: <br />OFFICE OF MANAGEMENT AND BUDGET <br />TO: Members of the Board <br />of County Commissioners <br />DATE: May 11, 1995 <br />SUBJECT: TOURIST DEVELOPMENT COUNCIL <br />1995/96 BUDGET RECOMMENDATION <br />FROM: Joseph A. Baird�j�p� <br />OMB Director <br />DESCRIPTION AND CONDMONS <br />On May 10, 1995, the Tourist Development Council reviewed budget requests for fiscal year 1995/96 <br />to be paid from Tourist Tax revenue. The Council's recommendations are listed below: <br />Organization <br />1994/95 <br />Funding <br />1995/96 <br />Request <br />1995/96 <br />T.D.C. <br />Recommendation <br />Offshore Reef <br />$270,750 <br />$270,750 <br />$270,750 <br />Exchange Club -Air Show <br />$5,000 <br />$20,000 <br />$4,000 <br />Center for the Arts, Inc. <br />$10,000 <br />$10,150 <br />$8,000 <br />Riverside Theatre, Inc. (1) <br />$16,267 <br />$5,000 <br />$4,000 <br />City of Vero Beach (2) <br />$66,690 <br />$0 <br />$U <br />Vero Beach/IRC Chamber of Commerce <br />$230,000 <br />$264,332 <br />$230,000 <br />Vero Beach Municipal Airport <br />$0 <br />$100,000 <br />$0 <br />Rotary Club of Vero Beach/Sunrise <br />$5,000 <br />$9,000 <br />$4,000 <br />Vero Beach Firefighters Association (Adv. & Promotion) <br />$0 <br />$25,000 <br />$0 <br />Vero Beach Firefighters Association (Multi -Purpose Bldg.) <br />$0 <br />$300,000 <br />$0 <br />Reserve for Contingency <br />$20,750 <br />$36,280 <br />$20,750 <br />TOTAL <br />$624,457 <br />$1,040,512 <br />$541,500 <br />(1) lawn nudntelmm at Riverside Theatre and Center for the Arts (approved for one year 1993/94-$16,267 billed in current fiscal year.) <br />(2) Veterans Memorial at Riverside Park ($66,690) <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the amounts recommended by <br />the Tourist Development Council_ <br />May 16, 1995 <br />